Ross company paid current month's rent, $1300. which accounts are affected

Jim, a Connecticut resident, ran a red light while he was vacationing in California and collided with Amanda’s car. Amanda suffe

kolezko [41]

Answer: The court must return the excess proceeds to Jim.

Explanation: The excess money left after a property is sold and the debt owe is paid off is termed surplus and it is usually given to the owner of the property sold.

5 0

2 years ago

Data from a small bookstore are shown in the accompanying table. a larger firm is considering acquiring the bookstore. an analys

sukhopar [10]

There is no data attached but the question can be answered without it. The analyst's conclusion that they should hire more people to drive higher sales is not justified because the area of the bookstore is small and is constant. It is not practical to hire more people and let them all work in that little space. Another alternative maybe is to advertise their books online to attract more customers.

3 0

3 years ago

______________ produce fundamental changes that can transform a company or even revolutionize an industry, while ______________

Whitepunk [10]

Answer: Incremental innovation ( answer for both the blanks)

Explanation: In simple words, incremental innovation refers to the process under which small improvement are made to the current practices of business. Such improvements through innovation results in better products and services offerings.

Such small changes however occur in large volumes and can easily revolutionize any industry.

3 0

3 years ago

MNO preferred stock pays a dividend of $2 per year and has a price of $20. If MNO's tax rate is 21 percent, the required rate of

soldi70 [24.7K]

The required rate of return on its preferred stock is found by using PW = D/R.

Given Information

Dividend per year = $2

Stock price = $20

Tax rate = 21%

Required rate of return (R) = ?

The formula for use to derive the Required rate of return includes PV = D/R, where PW means Present worth, D = Dividend per year and R means Required rate of return.

PV = D/R

$20 = $2 / R

$20 * R = $2

R = $2 / $20

R = 0.1

R = 10%

Therefore,, the required rate of return on the preferred stock is 10%.

In conclusion, the required rate of return on its preferred stock is found by using PW = D/R.

See similar solution here

brainly.com/question/17322679

7 0

2 years ago

On May 1, 2021, Meta Computer, Inc., enters into a contract to sell 4,100 units of Comfort Office Keyboard to one of its clients

Harrizon [31]

Answer:

Journal Entry

Explanation:

1. There are two obligations in this contract

a. keyboard

b. Customer option for future discount

2. Cash Dr, $69,700

To Deferred revenue - keyboard $66,215

To Deferred revenue - discount coupon $3,485

(Being cash is recorded)

Working note:-

Keyboards = 4,100 × $19

= $77,900

Option = $41,000 × (0.25 - 0.05) × 0.50

= $4,100

Allocation

For keyboard

= $77,900 ÷ ($77,900 + 4,100)

= 0.95

Deferred revenue Keyboard = $69,700 × 0.95

= $66,215

Option = 4,100 ÷ ($77,900 + 4,100)

= 0.05

Deferred revenue - discount coupon = $69,700 × 0.05

= $3,485

3. Cash Dr, $69,700

To Deferred revenue Keyboard $69,700

(Being cash is recorded)

4 0

3 years ago

Ross company paid current month's rent, $1300. which accounts are affected​

Ross company paid current month's rent, $1300. which accounts are affected